Nottingham Building Society Conveyancing Panel Compliance Audit

The main reason to carry out a Nottingham Building Society panel Handbook risk review is to give you peace of mind that your firm is acting in accordance with the Handbook requirements of Nottingham Building Society. Non-compliance runs the risk of claims on your insurance, loss of conveyancing panel status and a tarnished reputation and even SRA action – damage that far outweighs the cost and any minimal, temporary inconvenience that may be caused by you organising a Nottingham Building Society panel Handbook risk file audit.

Nottingham Building Society is undoubtedly one of your most important clients for conveyancing work.

Can you be sure that you are adhering to the instructions as a practice on the Nottingham Building Society conveyancing panel?

It’s not a bad idea to bring in your own external auditors who may conduct your CQS audits but Lexsure is uniquely positioned to conduct a comprehensive lender panel compliance audit for your conveyancing files where Nottingham Building Society are the lender.

Our comprehensive database of Nottingham Building Society Handbook instructions enables us to review a law firms’ conveyancing cases whilst on the Nottingham Building Society conveyancing panel retrospectively and in much the same way as Nottingham Building Society would.

Our panel of expert auditors objectively review making use of propriety templates and Lender P2 archives whether each transaction breached your contractual obligations at the point that the Certificate of Title was signed off.

In the absence of your search company offering the service as part of your account management the fee for a Nottingham Building Society compliance panel audit is £1,975+VAT. Our team will audit nine remortgage or purchase files involving Nottingham Building Society, which we can randomly select by tenure (e.g. leasehold) date or a mix variables.

At the end of the audit, we will supply you with a full written compliance profile for your transactions with Nottingham Building Society and a baseline risk summary. We can also meet with you to explain our expert findings and recommendations in a formal debrief. Audit follow-up can be scheduled. Our office will contact the appropriate personnel to request the status of planned actions. No more than two lender conveyancing panel audits may be requested by a practice in a twelve month period.

Lexsure’s Conveyancing Audit Scheduling System (LCASS) enables your firm to select the date, time and location of a Nottingham Building Society conveyancing panel compliance audit. The system is available 24/7, which eliminates most instances where you have to wait for business hours to contact Lexsure to schedule or rebook a Nottingham Building Society panel compliance audit. Please note that before accepting a Nottingham Building Society conveyancing panel compliance audit we have to conduct a conflict check. It is sometimes not possible for Lexsure to conduct a Nottingham Building Society panel compliance audit

Nottingham Building Society Conveyancing File Audits : Your Questions


Whilst I do not require the services of Lexsure for an Nottingham Building Society Handbook Compliance Audit, I would like access to P2 requirements for Nottingham Building Society for a specific date. Is this something you can help with?

Subject to the date of the P2’s, we may be able to assist. Please contact us directly asking to speak to someone in the Lexsure Litigation Support Team.

What happens if or when you uncover breaches? Do you inform Nottingham Building Society or their panel managers?

This is a common question. Where a conveyancing file audit is arranged by your firm and Lexsure discovers problems, they are often easily categorised. We can not undo what has been done but we are able to suggest adjustments to the problematic parts of your risk prevention protocols and checklists. And we can advise on tools to improve with the aim of protecting your panel status.

Where commissioned by your firm Lexsure has no duty to report breaches to Nottingham Building Society and we will ensure the results of your audit are completely confidential.

Who do I reach out to if I have questions not covered in this section concerning an audit of our conveyancing files where Nottingham Building Society is the lender?

You will need to complete the contact form here. We will call you. Please note that the form is not specific to Nottingham Building Society conveyancing panel firms so do mention Nottingham Building Society in the notes section.

What is the selection criteria for joining the Nottingham Building Society conveyancing panel?

Please enquire of Nottingham Building Society directly or their panel manager, if any. Lexsure is not connected with Nottingham Building Society in managing their conveyancing panel or selection criteria.

Does Lexsure outsource their lender compliance audits to an external panel of conveyancing specialists?

No. We do not subcontractlender compliance audits to an external panel of conveyancing experts. Audits are completed by our in-house team.